The recent surge in search interest around Federal Reserve Chair Jerome Powell can be attributed to several significant developments. First, Powell’s public statements have garnered attention as he addressed monetary policy and economic conditions, which are of paramount interest to investors, economists, and the general public. His recent speech emphasized critical issues that impact financial markets and the economy, prompting individuals to seek more information regarding his views and policy directions.
Additionally, an investigation involving Powell by federal prosecutors has stirred considerable concern and curiosity. The New York Times reported on this inquiry, which raises questions about the integrity and actions of the Federal Reserve leadership during a tense political landscape. This revelation is significant, leading many to wonder about the potential implications for Powell and the Fed’s future policies.
In contrast, former Federal Reserve leaders have publicly denounced the investigation, as highlighted by Fox News. This defense signals a contentious debate surrounding Powell’s presidency and the role of the Federal Reserve in current economic discussions. The opposing views from former officials further fuel interest, drawing more searches from individuals wanting to understand the complexities of the situation and its impact on the Federal Reserve’s reputation and authority.
Watch the Moment
Internet Reacts
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F
Agree right up to the last bit. People in this country have a right to be blind, self-interested bigots. They even have the right to be part of a fascist death cult if that floats their boat. What they do not have the right to do is: • fuck kids • violate the Constitution • abdicate their oath to protect the people of this country and its Constitution against all threats foreign and domestic • fuck kids • deliberately lie, mislead, harass, and steal from their constituents • spend the people’s money like the solvency of our country doesn’t matter just because they will be dead when it reaches its boiling point in a half dozen years. • appropriate said money to an untrained paramilitary unit operating at the behest of the executive to harass, detain, rape, pillage, plunder, and murder American citizens and migrants alike. • fuck kids • knowingly collude with an executive in a criminal conspiracy, namely a cover-up that—even in its heavily redacted current state—is plainly big, bold, and naked enough to make Watergate look like a tan suit. • confirm the appointment of completely unqualified cabinet members and top-level officials despite their obvious duplicity, dishonesty, character flaws, total incompetence, and radically moronic understanding of what their job even entails. • fail to take action or even responsibility when said appointments immediately do the exact thing they swore under oath they would not do, causing incalculable damage to the American people and the greater good. • fuck kids • accept cash, stock, vacations, consultancies, and anything that allows a representative making low six figures to increase their wealth a hundredfold while in office, to the boon of corporations and industries whose products pose a major if not existential threat to the health and/or well-being of their constituents. • act as de facto agents of foreign governments, shaping domestic policy to gratuitously benefit said country to the detriment of their constituents. • perform their duties as anything other than the token rubber-stamp Potemkin representation needed to justify continued taxation. • commit literal treason on what seems like at the very least a weekly basis • fuck kids
I
When the party proudly proclaims that they are domestic terrorists, that their policies include violating the constitution, and when for years they have protected and supported those raping kids, the whole party can go. This isn’t a question of free speech, the party is engaged in criminal activity and should be treated like the criminal organization it is.
D
Once in hirtory, there was a party like this. It took 12 years and millions of deaths to get that party to leave the worldstage.
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O
The problem is 33% of the country are morons and 33% don’t vote because “iT dOeSnT mAtTer”
D
Which is one way of saying that 66% of the country are morons
Z
it works out to 69% if you do the math for eligible voters, poetic really…
S
Sigh… Nice.
T
That ignores the segment of people who don’t vote because they can’t vote due to one voter suppression tactic or another. A lot of money and effort has gone into disenfranchising voters.
I
The constituents that elected these republicans would vote them out of office to replace them with another subservient corpse come next primary anyway. its harder to look in the mirror and realize our own family members, neighbors, etc are the root of all this evil
C
If they have an R next to their name and talk about litterboxes in school bathrooms, they get elected. It’s getting hard to explain this to non-Americans because it makes zero sense.
C
These people will stupidly vote against their own interests even if it means them or their loved ones losing their healthcare and dying as a result. Just dumb. Most of these people still haven’t figured out yet that hatred and ignorance are expensive.
M
On a high level, it’s pretty simple. Republicans have abused the principle of free speech to build a juggernaut of a propaganda machine, and lots of Americans are falling for it.
G
In any logical world, yes. But so many of our fellow citizens are, and I hate to put it so bluntly, incredibly fucking stupid. They feel that as long as the people that they dislike (minorities, LGBTQIA+, disabled, etc…) are being knocked down and made to lose rights or status or resources or whatever, then this will somehow help them feel better about whatever less than perfect hand they’ve been dealt in life. And anyone with any desire for control sees that group as super easy to influence and direct, and even gin up into a rabid mob if desired, and so they do. Those at the top are playing us against each other, and there’s no easy way to get this seemingly simple point explained to that group because they’re in this hate-fueled trance that’s cheering on the regime as it bulldozes through the rights and civil liberties of others. They’ve been conditioned to believe this is good, and even worse it’s all been commingled with religion so they carry this mantle of being heaven-ordained which makes their delusion ten times more difficult to break through. Even questioning it can set some of them off. It’s all so very messy, but in short, there are very few scenarios in which they would ever vote to remove one of their party’s representatives from office (unless the rep was to take a stand against the president, for example).
F
The voters who vote these people into power aren’t educated enough or choose to be willfully ignorant of their choices. It’s terrifying.
L
Or just shitty awful people
G
There is a lot of bullshit that keeps Republicans in office. With elections alone, you have gerrymandering and the electoral college that gives them an unfair advantage. The Senate was designed to give fewer people in smaller (less populous) states more power. So the state of Wyoming, whose entire population is like 1/10th of New York CITY, gets the same number of senators as New York and California. And then you have election meddling, which I am convinced has happened. Oh and a lot of mouthbreathing Republicans who think politics is a game of football and want their team to win, regardless of how much it destroys the nation so they can “own the libz”. It’s embarrassing. The majority of us don’t want this, but the laws favor the Republicans.
S
If you mean asking for a recall or something like snap elections like other countries, the answer is no. Our federal representatives can only really be removed from office during their term through impeachment, and that doesn’t happen by the people. Other rejected officials have to do that.
M
A significant fraction of Americans are ensorcelled by media manipulation, believe the Republicans to be their only hope for salvation, and have been thinking that way since the nineties.
X
If we manage to crawl out the other side of this disaster, the republican party needs to be dissolved, and every member complicit in this administration put on trial and imprisoned. We need to send a clear message to those who would support fascism that the only place for them in this country is a concrete cell block. If the old school conservatives want to reconstitute the party, then they can. But these neo-fascist thugs and traitors need to be removed from society.
A
Which is why they will do everything they can to prevent another election. They personally can’t afford to be voted out.
G
Just now: GOP Sen. Thom Tillis: “If there were any remaining doubt whether advisers within the Trump Administration are actively pushing to end the independence of the Federal Reserve, there should now be none. It is now the independence and credibility of the Department of Justice that are in question. I will oppose the confirmation of any nominee for the Fed—including the upcoming Fed Chair vacancy—until this legal matter is fully resolved.” There better be more that speak out!!!!!!
D
To me, this is a weak statement. He should make it clear that Trump is responsible for this, not his advisors. Additionally, it’s not only the Federal Reserve; every single federal agency is being corrupted.
H
It’s not really one man. Mango is just the face of it. Miller seems to be a big influence, and whoever is behind project 2025 and the heritage project
H
Don’t forget the broligarchy. Peter Thiel, Elon Musk, Mark Zuckerberg and [Trumps largest donors](https://www.forbes.com/sites/leokamin/2024/08/14/here-are-trumps-top-billionaire-donors/)
D
I think this is a last straw kinda move. The american system has proven resilient , moreso than i anticipated. But the last straw was always trust in the value stored in the dollar. When investors no longer trust the monetary policy of theur assets we will start to see erratic behavior that will topple those elites who still trust the regime. It was and always wil be money that shapes america
C
It seems like a controlled demolition. A smash and grab. He can’t even wait until powell’s term is up in May.
D
The American people voted in the current President knowing full well who he was and what he would do. It’s not just on Republican lawmakers. The American voter did this to the country.
L
I mean at some point we have to admit we are wrong about that. ICE is going door to door hunting Jews at the moment. They are just going door to door knocking them down and searching the places with 12 me with high end rifles. They can do anything and everything they want.
A
How crazy is it that pretty much the last remaining uncorrupted institution is the federal reserve. Literally every single other in institution has failed us – the White House, both houses of Congress, the Supreme Court, the police, the media, others I’m sure… I never would have guessed that the federal reserve would be the last one standing up against our new dictator.
M
So the stress, expense, and inconvenience of the investigation and the indictment is the punishment for disobedienc… gotcha
C
This is how it works with police and now ice agents. It doesnt matter if the charges stick or not, the individual is put thru the loop for inconvenience. Absolute power corrupts Absolutely.
R
They did it to me!!!! Is what Donald keeps yelling at people… the only problem with that is the reason they did it to him was because he committed way more than 34 felonies. Not to mention the whole insurrection… That’s just all they could make stick
C
>> That’s just all they could make stick. That’s just all that made it through the courts all the way to a verdict before he got fucking REelected.
E
A lot more would have made it through the courts before then, but as will be common historical knowledge in a generation or so IMO, Trump’s coup attempt on Jan 6 was more or less successful, it just took longer than anyone thought to be realized. Despite being convicted of many felonies he was shielded from actual consequences and far more serious court cases (like what Jack Smith was bringing) to a frankly comical degree. Like the lengths to which hundreds or even thousands of people went out on a limb to risk their careers, their reputations, and so on to keep Trump out of jail is just mind boggling. What the fuck about the guy inspired such diehard loyalty? Its just so fucking weird.
L
“What the fuck about the guy inspired such diehard loyalty? Its just so fucking weird.” Because Trump is the bigliest and beautifullest most useful idiot on a gold platter that no one in the shadows running the operations could have ever imagined happening. Like there is no way that the self centered sundowning husk of a man that Trump is could come up with everything thats going on in the world. But he managed to rile up a huge voter base, and through him the people who actually control the agenda, can progress.
U
They were part of the Heritage foundation in project 2025. They want a fascist religious Nazi state with corporate freedoms and slavery for the masses.
G
With all due respect, this is not a circumstance of Absolute Power Corrupting. He was wildly corrupt before he had this level of power. Americans elected him anyway. This is a circumstance of the willful ignorance of the people being weaponized against them.
J
“All governments suffer a recurring problem: Power attracts pathological personalities. It is not that power corrupts but that it is magnetic to the corruptible.” ― Frank Herbert, Chapterhouse: Dune
H
To quote ol’ Frank Herbert, it’s worse: power attracts the corruptible. Case in point…
T
I guess we’re all Alexey Navalni.
H
The process is the punishment. Unfortunately a very effective tactic when you have an unlimited legal budget and a DOJ who will go after whomever you instruct it to.
E
A legal budget paid for by us, the American people
C
There’s a Kafka book about this. It’s actually called “The Process”
G
Usually translated into English as *The Trial*, but I like that translation better. Fits the whole horrible thing K goes through more thoroughly. Loving watching literature come to life like this.
S
I just want to remind everyone who is reading this—because I keep seeing comments that indicate surprise or shock—we knew this is exactly how Trump would weaponize the DOJ and law enforcement agencies. This was all clearly outlined in plain English in Project 2025, which was posted online for over a year before the election, freely accessible. It was also summarized by major media outlets and reposted incessantly on every social media platform leading up to the election.
O
MAGA elected officials/P2025 authors and wealthy legal influencers boasted that they had recruited and trained armies of legal & paralegal MAGA in all states to research, nitpick and compile state + federal criminal, civil and procedural/administrative case laws and loopholes to use to thwart Democrats, democracy and elections. Democratic leadership were not and are still not prepared. They are still loathe to use the system to preemptively stifle this illegal steamrolling while writing strongly worded letters and/or ‘considering’ some action. They are loathe to use the courts while ‘considering’ action against Noem or RFKjr. RFKjr has caused many deaths and should be sued or charged by some state AGs. Noem can be sued for the actions of ICE that resulted in legally actionable harm (death, child & elder abuse, kidnapping, property damage, trespass, etc., physical injury, poor training or unqualified agents, defamation..). No matter what Blondi, Noemskull & Rump boast what they can do, take it to court.
J
This is the weaponization of the justice system that he was falsely accusing democrats of for years. Everything is projection with him.
Additional Sources:
Federal Reserve Board (.gov) – Statement from Federal Reserve Chair Jerome H. Powell
The New York Times – Federal Prosecutors Open Investigation Into Fed Chair Powell
Fox News – Former Fed leaders denounce investigation into Federal Reserve Chair Jerome Powell
